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Housing Market Downturn - Really?!
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actually wrong.
the bulk of the council sell off houses and the rush to own private property began from 1980 onwards
the peak of unemployment was in the mid 80s, and was in decline in the early 90sIt's a health benefit ...0 -
Where do you get yours? I have not seen any evidence of 40% drops, that most people on this forum like to predict.
No - NOBODY is claiming that prices HAVE ALREADY fallen 40%, as you well know.
We're talking about what they will do. The trend would appear to be downwards.
You however, appear to have evidence to the contrary - that means you know prices will stop falling and start rising.
So let's see it then. References, please? (And no, the milkman said, or my next door neighbour sold his house for x does not a national trend make.)0 -
No - NOBODY is claiming that prices HAVE ALREADY fallen 40%, as you well know.
We're talking about what they will do. The trend would appear to be downwards.
You however, appear to have evidence to the contrary - that means you know prices will stop falling and start rising.
So let's see it then. References, please? (And no, the milkman said, or my next door neighbour sold his house for x does not a national trend make.)
The point I was making is that a lot of people on this forum, including yourself, assume we will see huge falls in the housing market, so where is your evidence of that?0 -
Not forgotten, but i'll give it to the end of the year and the worst will be over.
Renters hoping to cash in on a cheap property as a result of the credit crunch, will be disappointed.
Remember, you heard it hear first folks!
I wish I could note this post, so I could come back and laugh at the end of the year (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
High interest rates, High unemployment
The interest rate thing is comparative.
Say, for example, you bought your place at 10%, and rates go up to 15%. Sounds horrible - and it is, but it's a rise of 50%.
If you buy a house at 4% interest rates, 6% is a rise of 50%.......much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
The point I was making is that a lot of people on this forum, including yourself, assume we will see huge falls in the housing market, so where is your evidence of that?
While we're at it, what's your evidence for this below?In a few years all this will be forgotten about and the days of 100% and 6x mortgages will be back, and so will 10-15% YoY rises, because banks are greedy and only think about profits. In the next few years prices will fall a bit, and rise a bit but maintain the current level overall because the government and lenders cannot/will not allow a massive crash. and will do anything within their power to stop it from happening.
The view that we'll experience large falls is more prevalent than what you've suggested. So please, enlighten me.neverdespairgirl wrote: »The interest rate thing is comparative.
Say, for example, you bought your place at 10%, and rates go up to 15%. Sounds horrible - and it is, but it's a rise of 50%.
If you buy a house at 4% interest rates, 6% is a rise of 50%....
Yup, and high unemployment followed the 1989 crash, not preceded it.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Turnbull2000 wrote: »While we're at it, what's your evidence for this below?
The view that we'll experience large falls is more prevalent than what you've suggested. So please, enlighten me.
Just trying to balance things out a little.
And look what happens on here if anybody suggests anything other then price falls!0 -
Just trying to balance things out a little.
And look what happens on here if anybody suggests anything other then price falls!
Other than a few plebs on both sides, they usually back it up with some substance.
In fact, the abuse is largely from the bulls these days.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
neverdespairgirl wrote: »I wish I could note this post, so I could come back and laugh at the end of the year (-:
Yeah, exactly what i was thinking/wishing to do!
Dan you are totally entitled to your opinion but have you been living in a darkened room for the last 12 months?
Nearly all if not all the points you make seem WAY of the mark my friend.0
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